.Representative ImageMumbai: Mo Different Assets Advisors (Month Alts), the alternative investment upper arm of Motilal Oswal Financial Solutions, is putting in Rs 330 crore to acquire a 25% concern in Lal Desserts, a Bengaluru-based manufacturer of packaged sugary foods and other food items.The company sells a range of products including Indian sugary foods, bake shop items (biscuits, cake toast, baklava), as well as pick mouth-watering snacks.Lal Desserts complies with an omni-channel technique, retailing its items throughout 4,000 present day profession stores, 7,000 standard profession outlets, quick-commerce platforms, ecommerce platforms, as well as its own website, according to the provider. It additionally works a travel-focused retail service with 40 channels at several flight terminals in the country.Lal Sweets was suggested through Veda Corporate Advisors. "Our concentration gets on giving authentic and also consistent flavor to customers," claimed Prateek Athwani, promoter of Lal Sweets." India's packaged sugary foods area is experiencing a rapid double-digit growth, driven by boosted pay attention to advantage and health, uptick in gifting use-cases, change from unbranded to branded plays, as well as pull of high quality items at eye-catching rates," said Vijay Dhanuka, taking care of supervisor and chief of customer sector at MO Alts.
Published On Aug 28, 2024 at 05:11 PM IST.
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